UMC Reports 2008 Fourth Quarter Results

The total capital expenditure for 2008 was US$349 million, which is lower than the original capex plan of US$400-500 million. Diminished chip demand was the primary reason for the 2008 CAPEX cut. The capital expenditure budget for 2009 is not expected to exceed US$400 million.



    Brief Summary of Full Year 2008 Results



    Operating Results
                                                                       YoY%
    (Amount: NT$ million)                       2008        2007      change

    Revenue                                   92,530     106,771       (13.3)
    Gross Profit                              15,638      22,506       (30.5)
    Operating Expenses                       (13,334)    (15,701)      (15.1)
    Operating Income                           2,304       6,805       (66.1)
    Non-op. Income (Expenses)                (23,698)     12,762          --
    Income Tax Expense                          (926)     (2,605)      (64.5)
    Net Income(Loss)                         (22,320)     16,962          --
    EPS   (NT$ per share)                      (1.70)       1.03          --
          (US$ per ADS)                       (0.259)      0.157          --



    -- Revenue decreased 13.3% YoY to NT$92.53 billion, from NT$106.77 billion
       in 2007
    -- Gross profit margin was 16.9%, compared to 21.1% in 2007
    -- Operating profit margin was 2.5%, compared to 6.4% in 2007
    -- Net loss was NT$22.32 billion for 2008
    -- Net loss per share was NT$1.70, or net loss per ADS was US$0.259 for
       2008.  This compared to EPS of NT$1.03 or EPADS of US$0.157 for 2007
    -- The percentage of revenue from 65nm sales was 7% in 2008; the
       percentage of revenue from 90nm and below sales increased to 37%, from
       23% in 2007



                        Annual Sales Breakdown in Revenue

    Region              2008    2007    Technology             2008    2007
    North America        56%    48%     65nm                    7%      2%
    Asia Pacific         32%    40%     90nm                   30%     21%
    Europe               10%     9%     90nm < x <=0.13um      21%     22%
    Japan                 2%     3%     0.13um < x <=0.18um    21%     27%
                                        0.18um < x <=0.35um    16%     21%
                                        0.5um and above         5%      7%


    Application         2008    2007    Customer Type          2008     2007
    Computer             18%    18%     Fabless                 73%     75%
    Communication        58%    56%     IDM                     27%     25%
    Consumer             22%    24%     System                   0%      0%
    Memory                1%     1%
    Others                1%     1%



    Recent Developments / Announcements

    Dec. 30, 2008    UMC's CSR Report Wins Taiwan Corporate Sustainability
                     Report Honors
    Dec. 09, 2008    UMC Revised 4Q08 Guidance and Reports Sales for November
                     2008
    Nov. 25, 2008    UMC Advances its High-k/Metal-Gate Process Solution
    Nov. 18, 2008    Actel Leverages UMC Foundry Solutions for 65nm eFlash
                     FPGAs
    Feb. 9, 2009     UMC 12i Wins MediaTek's 2008 Best Fab Award

Please visit UMC's website http://www.umc.com/english/news/index.asp for further details regarding the above announcements.

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